Henderson's Chester II Unveils Second Price List for 30 Hung Hom Units
Thestandard · 1 SOURCES1 day ago2 MIN
Summary
Henderson Land Development (stock code: 0012) released the second price list for its Chester II residential project in Hung Hom on Saturday, offering 30 units at an average discounted price of HK$21,898 per square foot. The new batch, spanning unit sizes from 317 to 418 square feet with one- to three-bedroom layouts, shows a price increase of approximately 2 percent compared with the first price list. The project has generated significant buyer interest, with approximately 700 checks received as of Saturday night.
Key Points
- Henderson Land Development's Chester II in Hung Hom released a second price list on Saturday for 30 units at HK$21,898 per sq ft average
- Unit sizes range from 317 to 418 square feet with one- to three-bedroom layouts, priced between HK$6.68 million and HK$101.4 million
- Price per square foot ranges from HK$19,982 to HK$24,261, marking roughly a 2 percent increase from the first price list
- Thomas Lam Tat-man, general manager of the sales department, reported approximately 700 checks received as of Saturday night
- The first price list's 53 units were oversubscribed by approximately 12 times, demonstrating strong market demand
Why It Matters
The strong oversubscription for Chester II reflects continued robust demand for new private residential units in Hong Kong's Hung Hom district, potentially signaling sustained pricing power for developers amid a competitive market. The 2 percent price increase in the second batch suggests Henderson Land maintains pricing confidence despite broader market uncertainties.
The strong oversubscription for Chester II reflects continued robust demand for new private residential units in Hong Kong's Hung Hom district, potentially signaling sustained pricing power for developers amid a competitive market. The 2 percent price increase in the second batch suggests Henderson Land maintains pricing confidence despite broader market uncertainties.